Income Tax Point-in-Time Service Updates
Friday 24 April 2015 @ 10.30 a.m.
The Income Tax Point-in-Time Service has been updated to include the latest amendments in the Public Governance and Resources Legislation Amendment Act (No. 1) 2015 (No. 36 of 2015).
Act 36 of 2015
The Act follows on from the Public Governance, Performance and Accountability (Consequential
and Transitional Provisions) Act 2014 (PGPA (C&T) Act) which implemented a range of
amendments to the enabling legislation of Commonwealth entities and companies to harmonise
their operation with the Public Governance, Performance and Accountability Act 2013
(PGPA Act) from 1 July 2014.
The PGPA (C&T) Act amendments reflected the variety of governance and operational
arrangements across the Commonwealth, with the nature of amendments required to individual
enabling legislation varying from entity to entity. Given this, the policy approach
has been to align entities’ enabling legislation with the PGPA Act wherever possible,
with the intention being to implement a more consistent and coherent resource management
framework, while not impinging on the ability of entities to meet their statutory
obligations to the Parliament and to the community. This Act continues this approach.
The Act includes: technical amendments that would further improve the operation of
the PGPA Act, including a provision to support the administration of GST obligations
of noncorporate Commonwealth entities; amendments to provisions within the PGPA (C&T)
Act that would streamline transitional arrangements supporting the implementation
of the PGPA Act; amendments to the enabling legislation of Commonwealth entities intended
for inclusion in the PGPA (C&T) Act but unable to proceed at that time; and amendments
to improve and clarify the governance and resource management arrangements of the
enabling legislation of Commonwealth entities that have been identified in consultations
with those entities during and since the development of the PGPA (C&T) Act.
The amendments made by Act No 36 of 2015 have been updated in the Point-in-Time Income Tax Service current to 24 April 2015. (NB: Subscription required).
If you are not already a subscriber to this or other Point-in-Time Services then please contact us to find out more or to take a free trial.
